Varex Imaging (NASDAQ:VREX) Releases Q3 Earnings Guidance

Varex Imaging (NASDAQ:VREX) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.05 to $0.25 for the period, compared to the consensus earnings per share estimate of $0.30. The company issued revenue guidance of $200 million to $220 million, compared to the consensus revenue estimate of $224.50 million.

Varex Imaging Price Performance

Shares of VREX traded down $0.15 during midday trading on Thursday, reaching $16.43. The stock had a trading volume of 521,173 shares, compared to its average volume of 319,109. The company has a market capitalization of $667.06 million, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a current ratio of 4.30, a quick ratio of 2.37 and a debt-to-equity ratio of 0.76. Varex Imaging has a 12-month low of $16.00 and a 12-month high of $23.90. The company’s 50-day moving average is $17.37 and its 200 day moving average is $18.53.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $190.00 million for the quarter, compared to the consensus estimate of $187.97 million. Varex Imaging had a net margin of 5.08% and a return on equity of 9.21%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, equities analysts predict that Varex Imaging will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of Varex Imaging from a b- rating to a c rating in a research report on Tuesday, February 6th.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.